C - D
Register: Chart indexing l´ensemble real and land goods of common and specifying their surface. It is used as a basis of reference for the calculation of the land tax.
Capital: Assembling loan which is granted a borrower. This amount can be versed in one or more time, either with l empruntor, or with the notary charged to write l´acte authentic.
Case of absolute necessity: Unforeseeable, irresistible event, independent of the will of the parts (bad weather, cataclysm) preventing the realization d´un contract.
Cape: Certain rollover credits offer a course. It's ceiling which the revisable rate will not be able to exceed, whatever the l´évolution of its index of reference. This course protects l empruntor against a rise marked from point. The loan known as is wrapped. N the other hand, the rates suggested for the wrapped revisable appropriations are higher than for the not wrapped revisable products, riskier.
Capacity of refunding: Maximum amount of monthly payments which you are able to refund, taking into account your loads and of your current incomes. It's a key element of your file, which in particular will use to determine the level of your monthly payments and, consequently, life of your loan.
In the banking field, it is use to that the loads of refunding of the various appropriations do not exceed 33% of your incomes Nets.
Base reference for the calculation of the land tax.
|
Certificate of urbanism: Document specifying the real situation (ground or building) compared to the urbanism plan of the city and indicating the rules to which all new construction must be subjected. It is essential before any real transaction and must be requested in Town hall or from the DDE.
Transfer: Transmission of real estate either subject to payment (sale), or on a purely free basis (donation).
Loads: Together expenses necessary to operation joint ownership. There are two types of loads:
· general loads: expenditure distributed in proportion to the thousandth prisoners by each joint owner,
· special loads: expenditure distributed according to use of each owner (ex: water according to the number of people composing the household, elevator not reflected for the occupants of the ground floor).
|
Recoverable loads: It's the share of the committed expenses that the financial backer can be made refund by his tenant. The recoverable loads are distinct from the principal rent. As regards beams d habitation, the recoverable loads relate to the expenditure relating to l´entretien running of the good, the equipment mentioned with the contract, as well as the minor repairss and certain taxes.
Co-borrower: Nobody who borrows jointly and with l empruntor. The Co-borrower signs the trust deed with l empruntor. It is for this reason held with the same obligations that him and must take part jointly in the refunding of l´emprunt. It s´agit generally of the spouse or the boyfriend of l empruntor but it can be also a friend or a relative. The resources and loads of l empruntor and the Co-borrower will be analyzed jointly to determine the profile of risk.
Coefficient d Occupation of Grounds (C.O.S.): Coefficient determining the building density allowed taking into consideration rule d urbanism.
Commission: Remuneration paid with a real-estate agent within the framework of l´exercice of its activity (sale, hiring, management…). Real L´agent must obligatorily have a mandate of sale, hiring or management to perceive a commission. The remuneration of the real-estate agents (commission and fees) is free and must imperatively appear in all the current acts.
Compromise of sale/synallagmatic commitment to sell: Act by which a salesman s´engage to sell a real estate and a purchaser with l´acheter and specifying the conditions of sale of the good. The compromise is in general matched payment d´un installment accounting for 10% of the selling price of the good. Contrary to the commitment to sell, it s´agit d´une definite sale and final. L achetor will not be able to retract by giving up l´acompte versed with the salesman. Only the d´une realization of the condition precedents can make the contract null.
Resolution condition: Condition which, when she arrives, involves the revocation of obligation and gives the things in same state as if l obligation n´avait not existed.
Condition precedent: Clause inserted in the compromise or the commitment to sell and whose realization is obligatory to be able to sign l´acte sale. For example, banking l´obtention d´un loan by l achetor is often among the exclusive conditions. If the bank refuses the credit with l achetor, it will be able to retract and the contract will be null.
General conditions: Together rules applicable to all the customers having subscribed the same type of contract, without any distinction.
Particular conditions: Together rules applicable to only one customer. S´oppose in the general conditions.
The trade-union Council: Composed joint owners designated by l´assemblée general, it assists the syndic and controls his management. It also regulates the small details and litigations of the everyday life of joint ownership. Its existence is obligatory, except if the majority of the joint owners refuses it.
Manufacturer: The term of manufacturer is rather used in the sector of the construction of house. It is besides him which carries out the greatest number of it. It proposes with its customer, like the architect contracting general, a contract of construction turn-key. The manufacturer can be a general company which carries out itself most of work or a contractor general who under draft the realization. The heart of trade of the manufacturer is more construction than the architectural studies.
Trust deed: Contract which envisages the obligations and reciprocal engagements of the lender and l empruntor within the ready framework d´un. This document is authentic lorsqu´il is, within 10 day, signed in front of notary after l´offre of credit was accepted by l empruntor.
Contract of reservation: Contract by which a salesman s´engage to reserve a new housing or in construction with a purchaser who must n the other hand pour a deposit. This type of pre-contract s applic in particular for the residences bought on plans. Indeed, insofar as a housing n´est not completed, a final sale contract cannot be signed immediately and it must be preceded by a contract by reservation. After reception of the contract, l achetor has 7 days to reconsider his decision.
Joint ownership: Share real property d´un between several people, called joint owners. Each joint owner is titular d´un batch including/understanding:
· a privative part,
· a quota of the common parts of l´immeuble (ground, court, way d´accès, roof,…).
This quota is evaluated in percentages (thousandth, ten thousandth…). It is proportional to the value of your batch compared to the value of the other batches of real estate.
The trade union of property, made up of l´ensemble of the joint owners, manages l´immeuble and determines the loads to pay by each one. Its decisions are made at the time to councils (per annum minimum).
COS (Coefficient d Occupation of the Grounds): Maximum percentage ground which must be reserved for construction. Thus, if the COS is 0,5, that means that surface on the ground of the built buildings should not exceed 50% of the total surface of the ground.
Total cost of the credit: Together loads supported by empruntor over the duration of his credit: With the interests calculated starting from the nominal rate of credit add to the insurance expenses, the expenses of file and guarantee. The total cost of the credit is equal to the sum of all your monthly payments minus the amount of the borrowed capital.
Short-term credit: Credit of which the duration is lower than 2 years.
Long-term credit: Credit of which the duration is higher than 7 years.
Medium-term credit: Credit of which the duration lies between 2 and 7 years.
Credit relay: Credit intended to finance purchase of well while waiting for that the owner carries out the sale d´un first good, the latter providing him whole or part of money necessary to purchasing. The intermediate credit is granted over one two years period maximum. Empruntor don't pay that agios. The capital is is refunded in once, when the old good is sold, is consolidated by a long-term credit.
|
Outlay: Together expenses engaged by the notary for your account (registers, academy of the mortgages,…).
Releasing of the funds: Left the borrowed capital, which is versed with l empruntor progressively with l´avancement work.
Declaration end of work: Signed declaration of the manufacturer who must be addressed to the town hall and Departmental Management with l´Équipement (DDE) within 30 day as from l´achèvement of work.
Withdrawal: Payment d´une sum agreed upon for l´avance by l acqueror d´un real estate lorsqu´il retracts its promise to d´acquérir this good. If c´est the salesman who retracts, it must refund the double of the versed sum.
Latency or of deficiency: Period during which the guarantees cannot play: any event which has occurred during this period will not be able to thus make l´objet d´une service request. This s applic period qu´ only once, and it is expressed in days or month.
Time for consideration: 10 days minimal time available to a customer to accept or refuse an offer of credit after reception of this one. This time is obligatory and cannot be reduced.
Time of retractation: 7 days legal time whose l achetor real estate profits nine as from the date from signature of the contract of reservation to be able l´annuler. For the offers of loan, l empruntor does not profit from the time of retractation that within the framework of the loans to consumption. This time s applic step within the framework of the real loans, empruntor profiting from the obligatory time of reflexion before l acceptation.
Deposit: Advance poured by a purchaser with the manufacturer or the salesman housing of which construction n´est not completed (purchase on plans for example). The deposit is jointly versed with the signature d´un contract of reservation.
The amount of the deposit is limited to:
· 5% maximum of the selling price, if the final sale contract must be signed 1 year,
· 2% maximum of the selling price, if this time is 1 to 2 years.
The salesman cannot require deposit if the time planned for the sale is higher than 2 years. |
Differed damping: Period during which empruntor of credit does not refund the capital (not damping ), but pay only interests. One differed d´amortissement can be obtained only under particular conditions (example: loan withrate 0%, ready studied). It allows d´alléger the monthly payments at the beginning of the period of refunding.
Right check in: Right charged by the Treasury at the time of registered act. This administrative formality is obligatory, because it officializes existing act. Under penalty of nullity, check in one real transaction must be carried out within a time one month (or 10 days if act has not written by a notary).
Instruction rights or expenses of file: Expenses taken by l´établissement lender for studies and the installation of the financing.
Right of pre-emption: Priority right purchase allowing a private person or a Public administration to on sale become purchaser of real estate before any other purchaser in the event of setting of this one.
Transfer taxes: Together taxes perceived by the notary at the time real transaction for the account of State and the local communities. They constitute part of the expenses of notary.
|
azzo.net 
